Chart Industries' (GTLS) Hold (C+) Rating Reaffirmed at Weiss Ratings

Key Points

• Chart Industries has received a "hold (C+)" rating from Weiss Ratings, reaffirming the company's current stance in the market.
• The stock has been downgraded by several analysts, with a majority assigning it a "hold" rating and an average target price of $202.00.
• Chart Industries reported a quarterly earnings miss, with $2.59 earnings per share against a consensus estimate of $2.62.

Chart Industries (NYSE:GTLS - Get Free Report)'s stock had its "hold (c+)" rating reissued by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently weighed in on GTLS. Johnson Rice downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective on the stock. in a research report on Wednesday, July 30th. Seaport Res Ptn cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Craig Hallum lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Raymond James Financial reiterated a "market perform" rating on shares of Chart Industries in a research report on Wednesday, July 30th. Finally, Citigroup downgraded Chart Industries from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Chart Industries has an average rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Down 0.0%

Shares of GTLS traded down $0.06 during midday trading on Wednesday, reaching $200.10. 159,997 shares of the stock were exchanged, compared to its average volume of 1,309,040. Chart Industries has a 52 week low of $104.60 and a 52 week high of $220.03. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. The company's 50 day moving average is $199.18 and its two-hundred day moving average is $168.34. The company has a market capitalization of $8.99 billion, a P/E ratio of 37.19, a PEG ratio of 1.16 and a beta of 1.71.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. On average, sell-side analysts anticipate that Chart Industries will post 9.02 earnings per share for the current year.

Institutional Trading of Chart Industries

A number of large investors have recently made changes to their positions in GTLS. Global X Japan Co. Ltd. boosted its position in shares of Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 100 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Chart Industries during the 1st quarter worth approximately $25,000. Allworth Financial LP lifted its position in Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company's stock worth $27,000 after acquiring an additional 70 shares during the period. Brooklyn Investment Group raised its stake in shares of Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after buying an additional 199 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Chart Industries during the 1st quarter worth approximately $30,000.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

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